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Big 5 hospitals to benefit from new drug-pricing reform
A lawmaker said on October 22 that the annual revenues of the local 5 major hospitals from the cash reward plan, which takes effect from this month, are expected to reach 660 billion won in total.
Park Eun-soo of t...
KFDA warns price dumping in hospital bidding
The Korea Pharmaceutical Manufacturers Association issued a warning against the possible pricing dumping acts in the local hospitals’ bidding arena.
In a circular letter delivered to the Korean Hospital Association...
Huons to export lidocaine injection to US
Huons Co. said on October 20 that it will export its anesthetic products to the U.S. market within a couple of years while making all-out to make inroad into the European market.
In its recent regulatory filing, th...
Nichiko Pharma to acquire 33.4% stake of Korea's Aprogen
Aprogen Inc, a Daejeon-based manufacturer of diagnostic pharmaceuticals and an affiliated company of Schnell Biopharmaceuticals, said on October 21 that Japan based Nichiiko Pharmaceutical plans to acquire 33.4 percen...
Abbott to receive returned goods of Reductil from pharmacy
Abbott Korea has sent a circular letter to proprietors of pharmacy and wholesalers that it will receive returned goods of Reductil (sibutramine), an obesity drug, from the market until November 11 at the latest.
Th...
Health insurance possible for Herceptin in minor breast cancer patients
In the case of Roche’s Herceptin (trastuzumab), the government is set to expand its support for patients suffering from earlier stage breast cancer who have not shown any metastasis in lymph node but with tumor size o...
Health insurance to cover Nexavar in liver patients
The national health insurance is expected to cover Bayer’s Nexavar (sorafenib) tablets in patients with last-stage liver cancer, according to the government.
In a parliamentary inspection on October 19, the Health ...
Natural vitamins vs. synthetic
A significant number of the vitamins you will find on the pharmacy shelves these days are made synthetically through chemical processes, rather than derived directly from plants or other materials, although some manuf...
Bukwang sets eyes on overseas markets
Bukwang Pharm is going all-out to make inroads into foreign countries as the domestic market shows clear signs of reaching saturation point.
The company is adopting its own strategy and action plans in its quest f...
KFDA relocation project to Osong raises concerns
The five health-related government agencies - the Korea Food and Drug Administration, the Korea Centers for Disease Control and Prevention, the National Institute of Toxicological Research, the Korea Health Industry D...
